It has been show that the public has overestimated new HDB flat prices, according to both media reports and a survey done by the Ministry of National Development. More than 1,400 HDB residents were polled for this study. The age range of Sol Acres respondents were 20 years and over and it revealed that 1 out of 5 respondents are planning to buy a flat during the next 5 years.

Last year the average price for a 4 room flat situated on an estate that was not mature was $295,000. Please visit Sol Acres Website Here.

Sol Acres Executive Condo Choa Chu Kang

The survey had been conducted in November and has shown that 1/3 of the respondents had n0 idea what the cost was of this type of flat, but 4 out of 10 respondents overestimated the amount for deposit for Sol Acres.

About 28% of the respondents believed …